• US Jobless Claims Drop to Pandemic Low of 281,000
  
  The number of Americans applying for unemployment benefits fell to a pandemic low last week as the job market continues to recover from last year's coronavirus recession.
• US Economy Slowed to a 2% Rate Last Quarter in Face of COVID
  
  Hampered by rising COVID-19 cases and persistent supply shortages, the U.S. economy slowed to a 2% annual rate in the July-September period, the weakest quarterly growth since the recovery from the pandemic recession began last year.Thursday's report from the Commerce...
• Biden Bound for Global Summits as Domestic Agenda in Limbo
  
  President Joe Biden promised to show the world that democracies can work to meet the challenges of the 21st century.
• Retail Trade Group: Holiday Sales Could Break New Records
  
  The National Retail Federation, the nation's largest retail trade group, expects that holiday sales gain could shatter last year's recordbreaking season, even as a snarled global supply chain slows the flow of goods and results in higher prices for a broad range of goods.
• US Demand for Oil Surges, Depleting Tanks in Oklahoma
  
  Crude oil tanks at the Cushing, Oklahoma storage and delivery hub for U.S. crude futures are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they will stay lower for months.
• Investors on Board as US Oil Majors Dismiss Wind & Solar
  
  Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar.
• Billionaire Tax Runs into Criticism; Big Biden Plan in Flux
  
  The Democrats' idea for a new billionaires' tax to help pay for President Joe Biden's social services and climate change plan has quickly run into criticism as too cumbersome, but party leaders insisted on Tuesday that a deal on Biden's big agenda was still within...
• EU Countries Split Over Joint Response to Energy Price Spike
  
  European Union countries failed to agree on a bloc-wide response to surging energy prices in an emergency meeting of government ministers on Tuesday, with some countries seeking a regulatory overhaul and others firmly opposed.
• China's Modern Land Misses Bond Payment, Adds to Evergrande Fears
  
  Modern Land missed a bond payment, the latest Chinese property developer to do so, adding to worries about the wider impact of the debt crisis at behemoth China Evergrande Group, and dragging on shares in the sector.
• A 'V'-, 'K'- or a 'Z'-Shaped Recovery?
  
  For over a year, those in the know have been talking about what trajectory of the post-pandemic econoimc recovery would look like. First economists were touting a sharp upturn, or a "V"-shaped recovery.
• IMF Chief Economist Gopinath: Inflation Will Continue Well Into 2022
  
  Some inflation had been expected after the deep recession in 2020, but with the frictions between supply and demand not matching up, inflation pressures will remain until some time in the middle of 2022, according to Gita Gopinath, the chief economist for the International...
• Twitter's Dorsey Warns Inflation Is About to 'Change Everything'
  
  Twitter CEO Jack Dorsey is sounding the alarm that inflation in the United States is about to "change everything."In a tweet Friday, Dorsey warned the worst is yet to come.
• Global Supply Chain Fallout ... Chip Shortage, Port Congestion & Truckers
  
  The chip shortage, auto parts shortage and California shipping port congestion is all part of the same supply chain issue. This is a nightmare that will not end soon.
• Fed's Powell Says It's Time to Taper Bond Purchases, but Not Raise Rates
  
  Federal Reserve Chair Jerome Powell said on Friday the U.S. central bank should begin reducing its asset purchases soon, but should not yet raise interest rates because employment is still too low.
• Fed's Powell: On Track for Taper, High Inflation Could Last into Next Year
  
  Federal Reserve Chair Jerome Powell said on Friday that the U.S. central bank is "on track" to begin reducing its purchases of assets, and noted that he expects inflation to abate next year as pressures from COVID fade.
• BoE Chief Economist Says UK Inflation Could Top 5 Percent: FT
  
  The Bank of England's new chief economist, Huw Pill, said inflation in Britain could surpass a "very uncomfortable" 5% and the question of whether to raise interest rates was a "live" one at its early November meeting, the Financial Times reported.
• Biden, Democrats Shred Spending, Tax Plans to Get a Deal Done
  
  For months, U.S. President Joe Biden and Democrats touted a $3.5 trillion "Build Back Better" plan as a transformational piece of legislation that would reshape the world's largest economy for decades to come.
• Existing Home Sales Surge as Interest Rates Point Higher
  
  Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January as worries about higher mortgage rates motivated buyers to get off the sidelines.
• G20 Split Over Coal, 1.5 Degree Climate Limit Ahead of Rome Summit
  
  The Group of 20 rich countries are divided over phasing out coal and committing to limit global warming to 1.5 degrees Celsius as they prepare for a crucial summit in Rome next week, sources familiar with the negotiations said.
• US Unemployment Claims Fall to New Pandemic low of 290,000
  
  The number of Americans applying for unemployment benefits fell last week to a new low point since the pandemic erupted, evidence that layoffs are declining as companies hold onto workers.
• Rep. James Comer to Newsmax: Vaccine Mandates 'Making Matters Worse'
  
  President Joe Biden's COVID-19 vaccine mandates are only "making matters worse" for employers already dealing with a massive labor shortage, Rep. James Comer, R-Ky., told Newsmax on Wednesday.
• Moderate Growth Despite Wage Pressures, Fed Says
  
  U.S. employers reported significant increases in prices and wages even as economic growth decelerated to a "modest to moderate" pace in September and early October, the Federal Reserve said on Wednesday in its latest economic report.
• Pandemic Fallout Could Slow Online Holiday Spending
  
  U.S. online holiday spending is expected to grow at its slowest pace in at least eight years, as product shortages, higher prices and lingering pandemic-related uncertainties threaten to put a strain on the shopping season.
• Yellen: Democrats Propose Raising IRS Bank Reporting Threshold to $10K
  
  U.S. Treasury Secretary Janet Yellen said on Tuesday she welcomed a new proposal from congressional Democrats to raise the bank account transaction reporting threshold to the Internal Revenue Service to $10,000 annually from a proposed $600 level, with an exemption for wage...
• P&G to Hike Prices Due to Materials, Transportation Costs
  
  Procter & Gamble (P&G) is raising prices on more consumer staples, as transportation and raw materials costs have gone up even more than P&G had expected, the Wall Street Journal reports.

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